五个全部独立经营的分立的公司，现在合并了。
Five separate companies, all operating as self-standing units, are now one.
该法规定了公司合并、分立、破产、解散和清算的方式。
The law stipulates modes for company merger, dismantlement, bankruptcy, dissolution and liquidation.
经营有人寿保险业务的保险公司，除分立、合并外，不得解散。
Insurance companies operating life insurance businesses are not allowed to be dissolved apart from separation or consolidation.
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